Financial Controller - Insurance

Summary

The Financial Controller - Insurance will lead financial reporting, planning, and compliance functions, provide strategic guidance on asset/liability management, and drive operational efficiency while ensuring alignment with regulatory standards and fostering team development.

Responsibilities

• • Provide timely and accurate financial reports to comply with legal and regulatory obligations as well as internal management and Board requirements.
• • Coordinate the development of financial plans by directing the preparation of high-level budgets and forecasts for the segment.
• • Develop and implement accounting policies and procedures that are consistent and compliant with International Financial reporting Standards.
• • Develop and manage the financial control system by ensuring expenses are authentic; monitoring variance reports and ensuring control procedures are in place for Reconciliations and Receivables management.
• • Provide guidance and recommendations on the most appropriate Asset/Liability Management (ALM) structuring of the Insurance Companies Balance Sheets.
• • Represent the Finance function at Board and Committee meetings (both internal and external committees) and financial forums; liaise with the Financial Services Commission and other government agencies on legal and financial issues.
• • Contribute to the performance and development of subordinate staff by providing strong leadership to motivate both individual and team excellence.
• • Provide guidance and recommendations on the most appropriate Asset/Liability Management (ALM) structuring of the Insurance Companies Balance Sheets

Required Skills

• • Sound technical knowledge of Insurance Companies policies, operations, organization, accounting procedures and financial reporting systems;
• • An excellent understanding of the local economic, political, social, investment and business environment;
• • Strong organizational skills and managerial abilities to direct and co-ordinate staff workloads, to prioritize tasks and to elicit a high level of productivity from staff to meet objectives which often include tight time frames;
• • Strong written and verbal presentation skills, including the ability to express findings concisely while retaining accuracy and clarity;
• • Strong analytical, forecasting and modeling skills, as well as strong interpersonal skills, professional judgment and tact in dealing with contacts inside and outside the financial areas of the bank;
• • The ability to develop and maintain effective working relationships with senior officers within the GraceKennedy Group of Companies, The Financial Services Commission, Banks, Actuaries and Auditors
• • Ability to maintain a broad perspective of the long-term objectives of the Group.

Qualifications

• • A Graduate degree in Finance or Accounting and an Accounting designation (ACCA/CPA)
• • At least 10 years work experience at a senior level in the insurance industry

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